Computation of Income From Salary

Computation of Income From Salary is a focused and practice-oriented guide addressing the taxation of salary income under Indian income tax law. The book explains the legal framework governing salary income, including what constitutes salary, when it becomes taxable, and how it is computed.

Covering Sections 15 to 17 of the Income Tax Act, 1961, the book provides detailed guidance on basic salary, allowances, perquisites, bonuses, retirement benefits, and deductions under Section 16. It also discusses exemptions, valuation rules for perquisites, and special situations such as arrears of salary and advance salary.

Designed for clarity and ease of application, the book simplifies complex statutory provisions and helps readers avoid common errors in salary computation. It is an indispensable resource for professionals, payroll administrators, and students dealing with salary taxation.